Piper Jaffray Reiterates Overweight on Cornerstone OnDemand

Piper Jaffray is out with its report today on Cornerstone OnDemand CSOD, reiterating Overweight. In its report, Piper Jaffray writes, "We like Cornerstone's growth potential and market position and view the current level as a good entry point into the stock. Reiterate Overweight and $21 PT." Shares of CSOD closed Monday at $14.41, down 6.73% from Friday's close.